Gearbulk Integrated Report 2023 - Report - Page 19
INTEGRATED REPORT 2023
Financial Capital
Manufactured Capital
Human Capital
Social and Relationship Capital
Intellectual Capital
Natural Capital
OUTCOMES
VALUE OUTCOMES
61
VESSELS OWNED
AND OPERATED
500
VOYAGES THROUGH OWNED
AND CHARTERED VESSELS
EBITDA: $ 163.86 million
Operating cash 昀氀ow: $ 78.27 million
Debt: $ 0.9 billion
Equity ratio: 34.6%
Dividend distributed to shareholders
Enhancement of assets with Capex
expenditure of $ 158.31 million
Operational e昀케ciency increased
Increase in o昀昀-hire day
Zero fatalities
LTIF 0.70; target 0
14 Promotions during 2023
Approximately
15M
MT CARGO
Employee turnover of 8.6%
Completion of double materiality assessment
Joint health and safety, cyber security and
ABC seminar
SHIPPED THROUGH OWNED
AND CHARTERED VESSELS
15
Increased digital solutions supporting
e昀케ciency and safety by completion of 14
projects
Compliance enhanced within the organisation
No signi昀椀cant Cyber attacks
ADDITIONAL VESSELS
ACQUIRED AND OPERATED
4
VESSELS ON TIME
CHARTER CONTRACT
No material environmental incidents
Increase in CO2 emissions negatively
impacting the environment
Waste levels remained unchanged
Compliance with laws relating to ballast
No material impacts on ocean eco
systems
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